Share Price £228,000 (from 40% Min. Share)

Full Value £570,000 | £22,800 Min. Deposit

Scheme: Shared Ownership Resales

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Resales - 2 bed apartment in Southwark

place Strata Tower, 8 Walworth Road, SE1 6EE

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Delightful two bedroom, fifth floor apartment with fantastic transport connections now available in Southwark.


Eligibility

You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.

Description

Once you have registered your interest, you will receive an email to book your viewing.

Strata Tower is a well presented two-bedroom apartmentlocated on the fifth floor of a forty-one storey apartment block with 115 years remaining on the lease.

The apartment benefits from fantastic transport links withElephant & Castle Underground and Rail Stations just a stones throw away. Local buses serve the area and the night buses link to Central London.

There are a host of local attractions within short walking distance including the Imperial War Museum, as well as local eateries such as Mercato Metropolitano, Borough Marketand East Street Market. For grocery shopping, you are a short walk from Morrisons or Tesco Express.

  • Nearest Station: Elephant & CastleUnderground and Rail Stations
  • Bus routes nearby: 12, 35, 40, 45, 68, 136, 148, 171, 176, 343, 468

The property located on the fifth floor comprises:

  • Entrance: Hallway with three large fitted storage cupboards. Oak wood flooring, leading onto;
  • Living Room: Spacious living area, open plan to kitchen. Floor to ceiling windows with views across the city. Oak wood flooring.
  • Kitchen: White gloss base and wall units with black laminated marble effectworktop. Integratedappliances; fridge freezer, oven. Vinyl black flooring.
  • Bedroom 1: Double Bedroom with floor to ceiling window with views of the city and fitted wardrobe. Biege carpet flooring.
  • Bedroom 2: Double Bedroom with floor to ceiling window with views of the London Eye. Biegecarpet flooring.
  • Bathroom: White suite comprising panelled bath with shower head over bath, WC and hand washbasin with large mirror and light. Full height tiling around the bath. Heated towel rail. Vinyl greyflooring.

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact Peabody.resales@peabody.org.uk and our team will be able to help you.


Key Features

  • Well presented
  • Great transport links
  • Available through Shared Ownership

Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 228,000
Min. £228,000
Share percentage
Min. 40%
Your deposit
Min. £22,800
Monthly cost*
£1,749
Cost breakdown
£351
Rent
£415
Service charge
£983
Mortgage*
Calculated using a representative rate of 3.09%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.